Intraday & Annual CAPM AlphaIntraday & Annual CAPM Alpha
This TradingView™ Pine v6 indicator computes and plots a stock’s CAPM α (alpha) on both intraday and daily/annualized timeframes, allowing you to monitor relative performance against a chosen benchmark (e.g. SPX, NDX).
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Key Outputs
1. Intraday α per Bar (blue line)
• Calculates α from a rolling-window linear regression of the last N bars’ returns (default 60).
• Expressed as “extra return per bar” vs. the benchmark.
2. Intraday α Daily-Equivalent (stepped blue line)
• Scales the per-bar α to a full trading day (390 minutes), showing “if this pace held all day, outperformance (%)”.
3. Annualized α (yellow line)
• Performs the same CAPM regression on daily returns over a D-day lookback (default 252), then annualizes α by multiplying by 252.
• Indicates longer-term relative strength/weakness vs. the benchmark.
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Inputs
• Benchmark Symbol: Choose any index or ETF (e.g. “SPX”, “NDX”).
• Intraday Lookback Bars: Number of bars for intraday α regression (default 60).
• Daily Lookback Days: Number of trading days for daily CAPM regression (default 252).
• Use Log Returns?: Toggle between arithmetic vs. log returns.
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How to Use
• Short-Term Signals:
• Watch the blue α/bar line on 1–15 min charts. A cross from negative to positive suggests intraday outperformance; a reversal warns of weakening momentum.
• The blue daily-equivalent α gives a smoother view—e.g. > +1% signals strong intraday bias, < –1% signals underperformance.
• Long-Term Trends:
• On daily charts, focus on the yellow annualized α. A sustained positive α implies this stock has historically beaten the benchmark; sustained negative α implies the opposite.
• Combining Timeframes:
• Use intraday α for timing entries/exits within the session, and annualized α to confirm whether you want a bullish or bearish bias over days to weeks.
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Install & Configure
1. Copy the Pine v6 script into the TradingView Pine Editor.
2. Set your favorite benchmark, lookback periods, and returns type.
3. Add to your chart to start visualizing real-time CAPM α signals!
Feel free to adjust the lookback windows and threshold levels to suit your trading style.
Pesquisar nos scripts por "daily"
Currency Volatility Index (CVI)This Currency Volatility Index (CVI) indicator aggregates the realized volatility of the eight “major” FX pairs into a single, tradable series—much like an FX-version of the VIX. Here’s what it does step by step:
Inputs & Settings
• Volatility Length (default 20 days): the lookback over which daily log-returns’ standard deviation is computed.
• Data Timeframe (default Daily): the resolution at which price data is fetched for each pair.
• Smoothing Length (default 5): the period of a simple moving average applied to the raw, averaged volatility (in %).
Pair-by-Pair Volatility Calculation
For each hard-coded symbol (EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, USDCAD, NZDUSD, EURGBP):
Pull the series of daily closes.
Compute the series of log-returns: ln(today’s close / yesterday’s close).
Calculate the standard deviation of those log-returns over your lookback.
Annualize it (×√252) to convert daily volatility into an annualized figure.
Aggregation
The eight annualized volatilities are averaged (equal weights).
The resulting number is then multiplied by 100 to express it as a percentage.
Smoothing & Plotting
A simple moving average over the aggregated volatility smooths out spikes.
The smoothed CVI (%) is plotted as a standalone line below price charts.
Visualization Aids
A small table in the top-right corner shows each pair’s current volatility in percent.
A dynamic label on the final bar prints the latest CVI value directly on the chart.
Why use it?
Gives a one-stop measure of overall FX market turbulence.
Helps you compare “quiet” vs. “volatile” regimes across currencies.
45pointsJ3FF Enhanced# 45pointsJ3FF Enhanced Pine Script Indicator
This is a comprehensive multi-timeframe support and resistance indicator for TradingView that displays key price levels and VWAP (Volume Weighted Average Price) across different time periods.
## 🎯 **Core Functionality**
The indicator plots critical price levels from multiple timeframes simultaneously on your chart, helping traders identify key support/resistance zones and volume-based price levels.
## 📊 **Key Levels Displayed**
### **Multi-Timeframe Levels:**
- **Daily**: Open, High, Low + Previous Day levels
- **Weekly**: Open, High, Low + Previous Week levels
- **Monthly**: Open, High, Low + Previous Month levels
- **Yearly**: Open, High, Low + Previous Year levels
### **Equilibrium Levels:**
- **50% Retracement** levels for previous periods (midpoint between high and low)
- Helps identify potential reversal zones
### **VWAP Levels:**
- **Daily VWAP**: Volume-weighted average for current day
- **Weekly VWAP**: Custom calculation for current week
- **Monthly VWAP**: Custom calculation for current month
- **Yearly VWAP**: Custom calculation for current year
## ⚙️ **Customization Options**
### **Display Controls:**
- **Individual toggles** for each timeframe (Daily/Weekly/Monthly/Yearly)
- **Previous period toggles** to show/hide historical levels
- **Line extension options**: Short, Right, Both
- **Adjustable line width** (1-3 pixels)
### **Visual Customization:**
- **Custom colors** for each timeframe
- **Individual line styles** (Solid, Dashed, Dotted) for each timeframe
- **Price labels** can be toggled on/off for lines and VWAPs
### **Price Table Features:**
- **Comprehensive side table** showing all active level prices
- **4 position options**: Top/Bottom + Left/Right corners
- **3 size options**: Small, Normal, Large
- **Color-coded entries** matching chart lines
- **Auto-filtering**: Only shows enabled levels
## 🔧 **Technical Implementation**
### **VWAP Calculations:**
- **Daily**: Uses built-in `ta.vwap()` function
- **Weekly/Monthly/Yearly**: Custom accumulative calculations using volume-weighted price averaging
- **Timeframe Detection**: Higher timeframe VWAPs only show on intraday charts
### **Higher Timeframe Data:**
- Uses `request.security()` to fetch OHLC data from higher timeframes
- **Lookahead enabled** for real-time updates
- **Previous period data** accessed using ` ` historical referencing
### **Drawing System:**
- **Dynamic line drawing** with customizable extension
- **Smart labeling system** with price formatting
- **Tick-rounded prices** for clean display
- **Performance optimized** with conditional drawing
## 📈 **Trading Applications**
### **Support & Resistance:**
- **Previous day/week/month highs and lows** act as key S/R levels
- **Opening levels** often serve as pivot points
- **Equilibrium levels** (50% retracements) are common reversal zones
### **VWAP Trading:**
- **Daily VWAP**: Intraday trend direction and mean reversion
- **Higher timeframe VWAPs**: Longer-term trend bias
- **Multiple VWAP confluence** creates stronger levels
### **Multi-Timeframe Analysis:**
- **Level confluence**: Multiple timeframes aligning creates stronger zones
- **Trend context**: Higher timeframe levels provide broader market context
- **Entry/Exit planning**: Previous period levels help plan trades
## 🎨 **Visual Organization**
### **Color Coding:**
- **Blue**: Daily levels (default)
- **Yellow**: Weekly levels (default)
- **Purple**: Monthly levels (default)
- **Red**: Yearly levels (default)
- **Transparency**: Previous period levels shown in lighter shades
### **Line Styles:**
- **Solid lines**: Current period highs/lows
- **Dashed lines**: Opening levels
- **Dotted lines**: Previous period levels
- **Thick lines**: VWAP plots (2px width)
## 🔍 **Unique Features**
1. **Custom VWAP calculations** for weekly/monthly/yearly periods
2. **Intelligent table display** that only shows active levels
3. **Comprehensive customization** without overwhelming interface
4. **Performance optimized** with conditional rendering
5. **Professional presentation** with watermark and clean styling
This indicator is particularly valuable for traders who use multiple timeframe analysis and want a clean, organized way to visualize key price levels and volume-based averages all in one tool.
[JHF] SQZMOMPRO SQZMOMPRO is a sophisticated, momentum-based technical indicator designed for traders seeking to identify potential trend reversals, momentum shifts, and periods of market consolidation (squeezes) across multiple timeframes. By combining a momentum oscillator, Bollinger Bands, Keltner Channels, and a Percentage Volume Oscillator (PVO), it provides a comprehensive view of price momentum and volume dynamics.
Overview
The SQZMOMPRO indicator is a powerful tool that integrates momentum analysis, volatility-based squeeze detection, and volume confirmation to help traders identify high-probability trading opportunities. It combines:
A momentum oscillator based on price deviations from a linear regression and moving average.
Bollinger Bands and Keltner Channels to detect periods of low volatility (squeezes), signaling potential breakouts.
A Percentage Volume Oscillator (PVO) to confirm momentum signals with volume trends.
A Rate of Change (ROC) line to highlight the speed of momentum shifts.
Visual cues like reversal signals and confluence backgrounds for actionable insights.
This indicator is ideal for swing traders, day traders, and those analyzing trends across multiple timeframes (hourly, 4-hour, daily, weekly, monthly). It is plotted below the price chart (non-overlay) and includes customizable alerts for key conditions.
Key Features
Multi-Timeframe Support: Automatically adjusts parameters for hourly, 4-hour, daily, weekly, and monthly charts, ensuring optimal settings for each timeframe.
Squeeze Detection: Identifies periods of low volatility (squeezes) using Bollinger Bands and Keltner Channels, categorized as Wide, Normal, Narrow, or Very Narrow.
Momentum Oscillator: Tracks price momentum relative to a baseline, with a signal line to highlight trend reversals.
PVO Confluence: Optionally integrates the Percentage Volume Oscillator to confirm momentum signals with volume trends.
Rate of Change (ROC): Displays the smoothed rate of change of momentum for enhanced readability.
Visual Cues: Includes color-coded squeeze dots, momentum/signal lines, reversal markers, and optional confluence backgrounds.
Alerts: Configurable alerts for squeeze conditions, trend reversals, and volume-confirmed signals.
How It Works
1. Momentum Oscillator
The momentum oscillator is calculated as follows:
Source: Closing price.
Baseline: A combination of the midpoint of the highest high and lowest low over a specified period, adjusted by a simple moving average (SMA).
Momentum: Linear regression of the price deviation from this baseline over a timeframe-specific period (shorter for smaller timeframes to be more responsive).
Signal Line: A 5-period SMA of the momentum value, used to identify crossovers.
Interpretation:
Momentum > Signal: Bullish momentum (plotted in green by default).
Momentum < Signal: Bearish momentum (plotted in red by default).
Crossovers: Momentum crossing above the signal line suggests a bullish reversal; crossing below suggests a bearish reversal.
2. Squeeze Detection
Squeezes occur when volatility contracts, often preceding significant price moves. The indicator compares:
Bollinger Bands: Calculated using an SMA and 2 standard deviations of the closing price.
Keltner Channels: Calculated using an SMA and multiples of the Average True Range (ATR) for different squeeze thresholds (Wide, Normal, Narrow, Very Narrow). This method steers away from the likes of classical SQZPRO which only uses an approximation of the Average True Range and heavily affects the squeeze sensitivity due to the way they calculate their Keltner Channel (our Keltner Channel are true to the way they are supposed to be calculated).
Squeeze Conditions:
Wide Squeeze: Bollinger Bands are inside Keltner Channels with a high ATR multiplier.
Normal Squeeze: Bollinger Bands are inside Keltner Channels with a moderate ATR multiplier.
Narrow Squeeze: Bollinger Bands are inside Keltner Channels with a low ATR multiplier.
Very Narrow Squeeze: Bollinger Bands are inside Keltner Channels with a very low ATR.
No Squeeze: Bollinger Bands are outside Keltner Channels, indicating higher volatility.
Depending on the timeframe, each squeeze level has been manually tweaked to gain an edge, whether you're scalping, in swings or in Leaps.
Visuals: Squeeze conditions are plotted as colored dots on the zero line:
Green: No Squeeze
Black: Wide Squeeze
Red: Normal Squeeze
Yellow: Narrow Squeeze
Purple: Very Narrow Squeeze
3. Percentage Volume Oscillator (PVO)
The PVO measures volume momentum, similar to the MACD but applied to volume through a 14 and 28 ema with volume as the srouce.
Interpretation:
PVO > 0: Increasing volume momentum (bullish).
PVO < 0: Decreasing volume momentum (bearish).
When enabled (Show PVO Confluence), the indicator highlights periods where momentum and PVO align (e.g., bullish momentum with PVO > 0).
4. Rate of Change (ROC)
Formula: Smoothed difference between momentum and signal line, multiplied by a user-defined factor (ROC Multiplier).
Purpose: Enhances readability of momentum shifts, plotted as a blue (positive) or orange (negative) line when enabled.
5. Reversal Signals
Bullish Reversal: Momentum crosses above the signal line, optionally confirmed by PVO > 0. Marked with a green vertical line.
Bearish Reversal: Momentum crosses below the signal line, optionally confirmed by PVO < 0. Marked with a red vertical line.
6. Confluence Background
When Show PVO Confluence is enabled, the background is colored to highlight alignment:
Bullish Confluence: Momentum > Signal and PVO > 0 (green background, darker if ROC is positive).
Bearish Confluence: Momentum < Signal and PVO < 0 (red background, darker if ROC is negative).
Inputs
Basic Configuration:
Display Reversals: Show/hide reversal markers for momentum/signal crossovers (default: true).
Show PVO Confluence: Enable/disable background coloring for momentum and PVO alignment (default: false).
Rate of Change:
Show Rate of Change Line: Display the ROC line (default: false).
ROC Smoothing Length: Smoothing period for ROC (default: 1, min: 1).
ROC Multiplier: Scales ROC for readability (default: 1, min: 1).
Plotline Colors:
Bullish Momentum: Green (default: RGB(0, 255, 0)).
Bearish Momentum: Red (default: RGB(255, 0, 0)).
Signal Line: White (default: RGB(255, 255, 255)).
Squeeze Colors:
No Squeeze: Green.
Wide Squeeze: Black.
Normal Squeeze: Red.
Narrow Squeeze: Yellow.
Very Narrow Squeeze: Purple.
Timeframe-Specific Parameters
The indicator adapts to the chart’s timeframe, using predefined settings.
Hourly, 4-Hour, Daily, Weekly and Monthly (and everything in between) all have custom, tweaked momentum length, ATR length, and squeeze multiplier threshold to suit the sensitivity needed for the current timeframe.
Trading Applications
Squeeze Breakouts:
A transition from a Very Narrow or Narrow Squeeze to No Squeeze often signals a breakout. Combine with momentum crossovers for confirmation.
Example: Enter a long position when a Narrow Squeeze (yellow dots) turns to No Squeeze (green dots) and momentum crosses above the signal line.
Trend Reversals:
Bullish reversal (green line) with PVO > 0 confirms strong buying volume, increasing the likelihood of a sustained uptrend.
Bearish reversal (red line) with PVO < 0 suggests strong selling pressure.
Confluence Trading:
Use confluence backgrounds to trade only when momentum and volume align, reducing false signals.
Example: A bullish confluence (green background) with positive ROC indicates a high-probability long setup.
Divergences:
Look for divergences between price and momentum or PVO. For instance, a higher low in momentum/PVO with a lower low in price suggests a bullish reversal.
Trend Confirmation:
Use the momentum oscillator and ROC to confirm price trends. A rising momentum and positive ROC validate an uptrend.
Alerts
Squeeze Alerts:
🟢 No Squeeze: Volatility is expanding.
⚫ Low Squeeze: Wide squeeze detected.
🔴 Normal Squeeze: Moderate squeeze detected.
🟡 Tight Squeeze: Narrow squeeze detected.
🟣 Very Tight Squeeze: Very narrow squeeze detected.
Reversal Alerts:
🐂 Bullish Trend Reversal: Momentum crosses above signal.
🐻 Bearish Trend Reversal: Momentum crosses below signal.
🐂 Bullish Trend Reversal + 📊 PVO Confluence: Momentum crossover with PVO > 0.
🐻 Bearish Trend Reversal + 📊 PVO Confluence: Momentum crossover with PVO < 0.
Limitations
Lagging Nature: The momentum oscillator and PVO rely on moving averages, which may lag sudden price or volume spikes.
False Signals: Squeezes and crossovers can occur in choppy markets, leading to whipsaws. Confirm with price action or other indicators.
Timeframe Sensitivity: Results vary by timeframe; test settings for your trading style (e.g., shorter lengths for day trading).
How to Use
Add to Chart: Apply the indicator to any TradingView chart (non-overlay).
Customize Settings:
Enable Display Reversals for crossover markers.
Enable Show PVO Confluence for volume confirmation.
Adjust ROC Smoothing and ROC Multiplier for clearer ROC visuals.
Customize colors for better visibility.
Interpret Signals:
Monitor squeeze dots for volatility changes.
Watch for momentum/signal crossovers and confluence backgrounds.
Use ROC to gauge momentum strength.
Set Alerts: Configure alerts for squeezes, reversals, or confluence signals to stay informed.
Example Scenario
Setup: A stock in a Very Narrow Squeeze (purple dots) on the daily chart, with momentum below the signal line and PVO < 0.
Signal: Momentum crosses above the signal line, PVO turns positive, and the squeeze transitions to No Squeeze (green dots).
Action: Enter a long position, targeting the next resistance level, with a stop-loss below recent support. The green confluence background and positive ROC confirm the trade.
Conclusion
The SQZMOMPRO indicator is a versatile tool for traders seeking to capitalize on momentum, volatility, and volume trends. Its multi-timeframe adaptability, visual clarity, and robust alert system make it suitable for various trading strategies. Combine with price action, support/resistance, or other indicators for optimal results. For feedback or suggestions, feel free to leave a comment.
DWMY Opens (for aggr. charts) by Koenigsegg🟣 DWMY Opens (for Aggregated Charts) by Koenigsegg
Revolutionary compatibility with aggregated charts – This indicator represents a significant breakthrough in displaying Daily, Weekly, Monthly, and Yearly opening levels on aggregated chart types where traditional DWMY indicators have historically failed to function properly.
Complete aggregated chart support – Unlike previous Daily Weekly Monthly Yearly Opens indicators that experienced severe limitations when pulling data from non-standard chart types, this version is specifically engineered to work flawlessly with aggregated charts, range bars, Renko charts, Point & Figure charts, and all other non-time-based chart constructions.
Persistent horizontal reference lines – The indicator draws four distinct horizontal lines representing the opening prices of the current Daily, Weekly, Monthly, and Yearly periods, extending these levels forward into future bars to provide clear reference points for key support and resistance analysis.
Advanced customization capabilities – Features comprehensive user controls including custom label naming for each timeframe, adjustable line colors with independent color selection for Daily, Weekly, Monthly, and Yearly levels, configurable line width settings, and variable label font sizes ranging from tiny to huge.
Dynamic label positioning system – Implements a sophisticated label placement mechanism with configurable tick offset positioning and fixed end-bars-ahead projection, ensuring labels remain visible and properly positioned regardless of chart zoom level or timeframe.
Intelligent period detection logic – Utilizes advanced Pine Script time change detection algorithms specifically optimized for aggregated charts, accurately identifying new Daily, Weekly, Monthly, and Yearly periods even when traditional time-based functions fail on non-standard chart types.
Performance-optimized architecture – Built with efficient persistent variable storage using the var keyword, minimizing computational overhead while maintaining real-time updates across all timeframe levels simultaneously.
Professional visual presentation – Delivers clean, uncluttered chart visualization with strategically positioned labels that clearly identify each timeframe level without interfering with price action analysis.
Universal market compatibility – Functions seamlessly across all asset classes including stocks, forex, cryptocurrencies, commodities, and indices, adapting automatically to different tick sizes and price scales through syminfo.mintick integration.
Pine Script v6 foundation – Leverages the latest Pine Script version 6 capabilities, ensuring optimal performance, stability, and compatibility with current and future TradingView platform updates.
This indicator solves a critical limitation that has long plagued traders using aggregated chart types, finally enabling reliable access to essential Daily, Weekly, Monthly, and Yearly opening levels that serve as fundamental support and resistance zones in technical analysis. The breakthrough lies in its ability to maintain accurate period detection and level plotting regardless of the underlying chart construction methodology.
🟣 How It Works
Automatic period detection – The indicator continuously monitors for time changes across four distinct timeframes using ta.change(time()) functions for Daily and Weekly periods, month transitions for Monthly levels, and year changes for Yearly opens, ensuring precise identification of new period beginnings.
Real-time level updates – When a new period is detected, the indicator captures the opening price at that exact moment and immediately establishes a horizontal line from that bar extending forward to a configurable number of bars ahead, creating persistent reference levels.
Dynamic line management – Each timeframe maintains its own dedicated line object and label, with the indicator continuously updating the endpoint coordinates and label positions as new bars form, ensuring the levels always project the specified distance into the future.
Intelligent label placement – Labels are positioned at the end of each line with automatic vertical offset based on the symbol’s minimum tick size, preventing overlap with price action while maintaining clear identification of each timeframe level.
🟣 Pro Tips for Optimal Usage
Multi-timeframe confluence – Look for areas where multiple DWMY levels converge within close proximity, as these zones typically act as stronger support or resistance levels due to increased market participant attention at these psychological price points.
Breakout confirmation strategy – When price breaks above or below a significant DWMY level with strong volume, the broken level often transforms into support (if broken upward) or resistance (if broken downward), providing excellent entry and exit reference points.
Range trading opportunities – On ranging markets, use Daily and Weekly opens as potential reversal zones, especially when price approaches these levels during low-volume periods or near session opens when institutional activity increases.
Timeframe alignment technique – For swing trading, prioritize trades that align with the direction of the break from Weekly or Monthly opens, while using Daily opens for precise entry timing and position management.
Chart type optimization – This indicator excels on Renko, Range, and Point & Figure charts where traditional time-based DWMY indicators fail, making it invaluable for traders who prefer these aggregated chart types for cleaner price action analysis.
Important Disclaimer:
This indicator is provided for educational and informational purposes only. It is not financial advice, investment advice, or a recommendation to buy or sell any financial instrument. All trading involves risk, and past performance does not guarantee future results. Please conduct your own research and consult with a qualified financial advisor before making any trading decisions. The author is not responsible for any losses incurred from using this indicator.
10x HTF Candles Dynamic with LTF FVG and Key LevelsPurpose
The 10x HTF Candles Dynamic Pine Script is a versatile, all-in-one trading tool designed for TradingView to empower traders with actionable insights across multiple timeframes. It combines advanced price action analysis, Fair Value Gap (FVG) detection, market structure evaluation, and key level visualization into a single, highly customizable interface. Built for day traders, swing traders, and scalpers, this script enhances decision-making by providing a clear, multi-dimensional view of market dynamics, liquidity zones, and trend biases. Its purpose is to streamline technical analysis, reduce chart clutter, and deliver real-time, visually intuitive data to support precise trading strategies.
What the Script Does
How the Script Works:
The script leverages Pine Script v5’s advanced features to deliver a robust and efficient trading tool. Below is a step-by-step explanation of its functionality:
1. Initialization and Configuration:
- Initializes with @version=5, enabling dynamic requests, and sets limits for bars (500), lines, labels, boxes, and polylines to manage resources.
- Defines user inputs for candle settings, timeframe selection, FVG parameters, DWM levels, market structure table, and visual preferences.
- Dynamically calculates 10 higher timeframes based on the current chart timeframe (e.g., 1m chart → 5m, 15m, 60m, etc.) or allows custom timeframes.
2. Data Acquisition:
- Fetches OHLC data for up to 10 timeframes using request.security, storing it in optimized TfData objects (arrays for open, high, low, close).
- Loops through enabled timeframes to minimize redundant code, improving processing speed.
3. Candlestick Rendering:
- Draws HTF candlesticks at user-defined offsets, with customizable bullish/bearish colors, wick colors, and widths.
- Calculates bar types (Inside, Normal, Outside) and optionally labels them above candles for pattern analysis.
4. FVG Detection and Visualization:
- Scans for FVGs by comparing candle highs and lows across three bars (e.g., low of candle 1 > high of candle 3 for bullish FVG).
- Detects IFVGs based on user-selected methods (wick, close, or midpoint) and highlights them with distinct colors.
- Draws FVG boxes with configurable borders, midpoint lines, and labels, tracking mitigation status.
- Limits FVG display to a user-defined maximum (1–200) to maintain chart clarity.
5. Horizontal Levels and DWM Lines:
- Computes Highs, Lows, Midpoints, and Quarter Points for each timeframe, drawing lines with customizable styles and extensions.
- Plots DWM open, close, high, low, and control point lines, with optional alerts for high/low breaks.
- Supports session-based opening price lines (e.g., 09:30 Market Open) with similar customization.
6. Market Structure and Bias:
Calculates trend bias by comparing the current close to the midpoint of the timeframe’s range (highest high to lowest low).
Updates a market structure table with timeframe, bias, and premium/discount status, using color-coded cells for quick interpretation.
7. Countdown Timers:
- Converts timeframe strings to seconds and calculates the time remaining until the next candle using timenow.
- Renders countdown labels with timeframe names (e.g., “1h\n(00:45)”) at user-defined positions.
8. Optimization and Cleanup:
- Uses VisualElements UDTs to manage lines, wicks, and labels, reducing memory usage.
- Deletes outdated drawings when limits are exceeded, ensuring a clean and responsive chart.
- Employs loops and arrays to streamline repetitive tasks, enhancing performance.
How to Use the Script:
This script is user-friendly yet powerful, suitable for traders of all experience levels. Follow these steps to maximize its potential:
1. Add to TradingView:
- Copy the script into TradingView’s Pine Editor.
- Click “Add to Chart” to apply it to your active chart.
2. Customize Settings:
- Candle Settings: Adjust the number of candles (1–10), starting position, group spacing, bullish/bearish colors, wick colors, and candle width.
- Timeframe Settings: Enable/disable up to 10 timeframes, choosing dynamic (auto-selected) or custom timeframes (e.g., 3m, 60m, D).
- FVG Settings: Toggle FVG detection, set detection methods (wick/close/midpoint), adjust thresholds, and customize colors, borders, and midpoint lines.
- DWM Settings: Enable daily/weekly/monthly lines (open, close, high, low, midpoint), set colors, and configure alerts for high/low breaks.
- Market Structure Table: Show/hide columns for timeframe, trend bias, and premium/discount, and adjust table position (top-left, bottom-right, etc.).
- Countdown Timers: Enable timers, adjust offsets, and customize text/background colors.
- Label Settings: Configure price label precision, transparency, and offsets for clarity.
3.Interpret Visuals:
- Candlesticks: Analyze HTF candles to gauge trend direction and momentum across timeframes.
- FVGs: Look for unmitigated FVGs (colored boxes) as potential support/resistance zones or trade setups.
- Key Levels: Use Highs, Lows, Midpoints, and Quarter Points to identify breakout or reversal areas.
4. Market Structure Table: Check trend bias and premium/discount status to align trades with market conditions.
- DWM Lines: Monitor daily/weekly/monthly levels for institutional reference points.
- Countdown Timers: Time entries/exits based on upcoming candle formations.
5. Integrate with Strategy:
- Combine script insights with your trading plan (e.g., use FVGs for entries, key levels for stops/targets).
- Set alerts for high/low breaks or liquidity zone approaches to stay proactive.
- Export table data or screenshot visuals for documentation and analysis.
6. Optimize Performance:
Limit the number of candles, FVGs, and lines to match your device’s capabilities.
Regularly review settings to focus on the most relevant timeframes and features.
Why the Script is Original
The 10x HTF Candles Dynamic script stands out in the TradingView community due to its innovative design, comprehensive functionality, and trader-centric approach. Here’s what makes it unique:
1. Seamless Multi-Timeframe Integration:
- Unlike single-timeframe indicators, this script synthesizes data from up to 10 timeframes, offering a holistic view of market structure.
- Dynamic timeframe selection adapts to the chart’s timeframe, ensuring relevance across all trading styles.
2 . Advanced FVG and IFVG Detection:
- Provides granular control over FVG detection with three IFVG methods (wick, close, midpoint), a rarity in most scripts.
- Tracks mitigation status and highlights unmitigated FVGs, enabling traders to capitalize on high-probability setups.
- Visualizes FVGs with boxes, midpoint lines, and labels, enhancing clarity and usability.
3. Sophisticated Market Structure Analysis:
-The bias calculation, introduced in recent updates (2 days ago), uses a robust algorithm to assess trend direction based on range midpoints.
- The market structure table, with premium/discount zones (added 20 hours ago), offers a unique summary of market conditions, unmatched by standard indicators.
4. Comprehensive DWM and Session Support:
- Integrates daily, weekly, and monthly levels alongside session-based opening prices, catering to institutional and retail traders alike.
- Customizable alerts for high/low breaks add actionable functionality.
5. Visual Hierarchy and Clarity:
- Scales line widths and transparency by timeframe, prioritizing higher timeframes for strategic focus.
- Countdown timers provide real-time context, a feature rarely seen in multi-timeframe scripts.
6.Performance Optimization:
- Recent updates introduced loops and UDTs to reduce code redundancy and boost processing speed.
- Automated cleanup mechanisms prevent chart clutter, ensuring smooth operation even on low-resource devices.
7. High Customizability:
- Offers extensive settings for visuals, timeframes, FVGs, DWM lines, and alerts, accommodating diverse trading preferences.
- Balances complexity with accessibility, making it approachable for beginners and powerful for advanced users.
8.Continuous Evolution:
- Regular updates (e.g., bias filter table, premium/discount feature, code optimization) demonstrate ongoing commitment to improvement.
- Closed-source protection (noted 20 hours ago) ensures intellectual integrity while allowing free use, fostering trust in the TradingView community.
Conclusion
The 10x HTF Candles Dynamic Pine Script is a groundbreaking tool that redefines multi-timeframe analysis on TradingView. By combining candlestick visualization, FVG detection, market structure insights, DWM levels, and countdown timers, it provides traders with a comprehensive, real-time view of market dynamics. Its advanced optimization, customization options, and continuous updates make it a standout choice for traders seeking precision, clarity, and efficiency. Whether you’re scalping intraday moves or swing trading weekly trends, this script equips you with the tools to master the markets with confidence.
Failed 2U/2D + 50% Retrace Scanner📈 Multi-Ticker Failed 2U/2D Scanner with Daily Retrace & Market Breadth Table
This TradingView indicator is a multi-symbol price action scanner designed to catch high-probability reversal signals using The Strat’s failed 2U/2D patterns and daily 50% retrace logic, while also displaying market breadth metrics ( USI:TICK and USI:ADD ) for context.
Monitored Symbols:
SPY, SPX, QQQ, IWM, NVDA, AMD, AAPL, META, MSTR
🔍 Detection Logic
1. Failed 2U / Failed 2D Setups
Failed 2U: Price breaks above the previous candle’s high but closes back below the open → Bearish reversal
Failed 2D: Price breaks below the previous candle’s low but closes back above the open → Bullish reversal
Timeframes Monitored:
🕐 1-Hour (1H)
⏰ 4-Hour (4H)
2. Daily 50% Candle Retrace
Checks if price has retraced 50% or more of the previous day’s candle body
Highlights potential trend exhaustion or reversal confluence
3. Market Breadth Metrics (Display Only)
USI:TICK : Measures real-time NYSE up vs. down ticks
USI:ADD : Advance-Decline Line (net advancing stocks)
Not used in signal logic — just displayed in the table for overall market context
🖼️ Visual Elements
✅ Chart Markers
🔺 Red/Green Arrows for 1H Failed 2U/2D
🟨 Yellow Squares for 4H Failed 2U/2D
Visual markers are plotted directly on the relevant candles
📊 Signal Table
Lists all 9 tickers in rows
Columns for:
1H Signal
4H Signal
Daily 50% Retrace
USI:TICK Value
USI:ADD Value
Color-Coded Cells:
🔴 Red = Failed 2U
🟢 Green = Failed 2D
⚠️ Highlight if 50% Daily Retrace condition is true
🟦 Neutral-colored cells for TICK/ADD numeric display
🔔 Alerts
Hardcoded alerts fire when:
A 1H or 4H Failed 2U/2D is detected
The Daily 50% retrace condition is met
Each alert is labeled clearly by symbol and timeframe:
"META 4H Failed 2D"
"AAPL Daily 50% Retrace"
🎯 Use Case
Built for:
Reversal traders using The Strat
Swing or intraday traders watching hourly setups
Traders wanting quick visual context on market breadth without relying on it for confirmation
Monitoring multiple tickers in one clean view
This is scan 2
Add scan 1 for spx, spy, iwm, qqq, aapl
This indicator is not financial advice. Use the alerts to check out chart and when tickers trigger.
ATR Screener with Labels and ShapesWeekly Daily ATR Pine Scanner
To find out tightness or contraction in a stock we needs to check if volatality is decreasing as well as compared to previous 14 or 10 bars volatility . we check this for weekly and then for Daily , so that we can enter in a stock which is tightest in recent times.
Condition is :
1. Weekly Candle ATR x 0.8 < 10 Week ATR
2. Daily Candle ATR x 0.6 < 14 Day ATR
When both of the conditions are met then they signifies that the stock has tightened in weekly and daily aswell . so now we can find ways to enter during max squeeze.
How to scan in Pine Scanner ?
FIrst add indicator as favourite and Go to pine scanner page in trading view and then scan your watchlist and there you will see 3 columns 1 with only Weekly conditions met , 2 with only Daily and 3rd with Both conditions met .
Select stocks and move to new watchlist and now you have those stocks which has contracted the most in recent times .
Distribution & Accumulation Days# Distribution & Accumulation Days Indicator
## Overview
This powerful institutional activity tracker identifies **Distribution Days** (selling pressure) and **Accumulation Days** (buying pressure) based on the proven methodology used by Investor's Business Daily (IBD). Perfect for detecting when "smart money" institutions are actively buying or selling, helping you align your trades with institutional flow.
## What It Does
- **Distribution Days**: Identifies days when price drops significantly on higher volume (institutional selling)
- **Accumulation Days**: Identifies days when price rises significantly on higher volume (institutional buying)
- **Real-time Counting**: Tracks the number of each type over your specified lookback period
- **Net Analysis**: Shows whether buying or selling pressure is dominant
## Key Features
### 🎯 **Customizable Threshold**
- Set your own price change percentage (default 0.2%) to filter out minor moves
- Focus only on significant institutional activity
### 📊 **Moving Average Filter**
- Optional MA filter to eliminate noise during strong downtrends
- Choose from SMA, WMA, or EMA
- Only counts signals when price is above the moving average
### 📈 **Visual Markers**
- **Red 'D'** markers above bars = Distribution (selling pressure)
- **Green 'A'** markers below bars = Accumulation (buying pressure)
- Numbers show current count within your lookback period
### 📋 **Information Dashboard**
Real-time table displays:
- Total Distribution Days in period
- Total Accumulation Days in period
- Net difference (positive = more buying, negative = more selling)
## How to Use
### Market Analysis
- **4-5 Distribution Days** in 25 sessions = Potential market weakness
- **Multiple Accumulation Days** after decline = Potential bottom formation
- **Net positive** = Institutional buying dominance
- **Net negative** = Institutional selling dominance
### Trade Setup
- Look for accumulation clusters near support levels for long entries
- Watch for distribution clusters near resistance for potential short setups
- Use in conjunction with your existing technical analysis
## Settings
| Parameter | Description | Default |
|-----------|-------------|---------|
| Days Back | Lookback period for counting | 25 |
| Price Change Threshold | Minimum % move required | 0.2% |
| Moving Average Filter | Enable/disable MA filter | Off |
| MA Type | SMA, WMA, or EMA | EMA |
| MA Length | Moving average period | 50 |
## Best Practices
- Use on **daily timeframe only** (automatically restricts to daily)
- Works best on major indices (SPY, QQQ, IWM) and liquid stocks
- Combine with support/resistance levels for better entries
- Monitor both individual counts and net difference for complete picture
## Important Notes
- Based on proven IBD methodology used by professional traders
- Requires significant volume confirmation - price moves without volume are ignored
- Most effective when used as part of a complete trading system
- Works only on daily charts (designed for institutional timeframe analysis)
---
*This indicator helps you see the market through institutional eyes. When the big players are buying or selling, you'll know.*
**Tags**: Distribution, Accumulation, IBD, Institutional, Volume Analysis, Smart Money, Market Structure
Advanced Volume Profile Levels (Working)This indicator is a powerful tool for traders who use volume profile analysis to identify significant price levels. It automatically calculates and plots the three most critical levels derived from volume data—the Point of Control (POC), Value Area High (VAH), and Value Area Low (VAL)—for three different timeframes simultaneously: the previous week, the previous day, and the current, live session.
The primary focus of this indicator is unmatched readability. It features dynamic, floating labels that stay clear of price action, combined with a high-contrast design to ensure you can see these crucial levels at a glance without any visual clutter.
Key Features
Multi-Session Analysis: Gain a complete market perspective by viewing levels from different timeframes on a single chart.
Weekly Levels: Identify the long-term areas of value and control from the prior week's trading activity.
Daily Levels: Pinpoint the most significant levels from the previous day's Regular Trading Hours (9:30 AM - 4:00 PM ET).
Current Session Levels: Track the developing value area and POC in real-time with a dynamic profile that updates with every bar.
Advanced Visuals for Clarity:
Floating Labels: The labels for the weekly and daily levels intelligently "float" on the right side of your chart, moving with the price to ensure they are never obscured by candles.
High-Contrast Design: Labels are designed for maximum readability with solid, opaque backgrounds and an automatic text color (black or white) that provides the best contrast against your chosen level color.
Trailing Current Levels: The labels for the current session neatly trail the most recent price action, providing an intuitive view of intra-day developments.
Comprehensive Customization: Tailor the indicator's appearance to your exact preferences.
Toggle each profile (Weekly, Daily, Current) on or off.
Individually set the color, line style (solid, dashed, dotted), and line width for each set of levels.
Adjust the text size, background transparency, and horizontal offset for all on-chart labels.
Information Hub:
On-Chart Price Labels: Each label clearly displays both the level name and its precise price (e.g., "D-POC: 22068.50").
Corner Table: An optional, clean table in the top-right corner provides a quick summary of all active weekly and daily level values.
Built-in Alerts:
Create alerts directly from the script to be notified whenever the price crosses above or below the weekly or daily Point of Control, helping you stay on top of key market movements.
How to Use
The levels provided by this indicator serve as powerful reference points for market activity:
Point of Control (POC): The price level with the highest traded volume. It acts as a magnet for price and represents the area of "fair value" for that session. Markets often test or revert to the POC.
Value Area High (VAH) & Value Area Low (VAL): These levels define the range where approximately 70% of the session's volume occurred. They are critical support and resistance zones.
Price acceptance above the VAH may signal a bullish breakout.
Price acceptance below the VAL may signal a bearish breakdown.
Rejection at the VAH or VAL often leads to price moving back across the value area towards the POC.
SEJKING - TimingSEJKING - Timing Indicator: Professional Session-Based Trading Tool
The SEJKING - Timing indicator is a sophisticated trading tool designed for intraday traders who focus on key market sessions. It provides visual cues for Asian, London, and New York trading sessions, highlights important price levels, and delivers volatility metrics - all in one comprehensive package.
Key Features:
Session Visualization:
Color-coded boxes for Asian (purple), London (gray), and New York (gray) sessions
Automatic Daylight Saving Time adjustments (2022-2025)
Customizable colors and visibility for each session
Volatility Measurement:
Real-time pip count calculations for each session
Visual labels showing range volatility (A=Asian, L=London, N=New York)
Critical Price Levels:
Daily Levels:
Previous day's high/low as black dashed lines (HOPD/LOPD)
Lines extend until 5 AM EST the following day
"HOPD" (High of Previous Day) and "LOPD" (Low of Previous Day) labels
Weekly Levels:
Previous week's high/low as orange dashed lines
Lines extend until following Wednesday at 5 AM EST
"WH" (Weekly High) and "WL" (Weekly Low) labels at line ends
Smart Timeframe Handling:
Auto-hides elements on higher timeframes (15-30 minute setting)
Special handling for Asian session on higher timeframes
Key Reference Lines:
Yesterday's high, low, and close
Weekly high and low levels
Option to display only on most recent bar
Benefits for Traders:
Session Awareness: Visually track active market sessions to align with peak volatility periods
Key Level Identification: Quickly spot crucial support/resistance from daily and weekly levels
Volatility Gauge: Measure session range strength through pip counts
Time-Based Analysis: Extended lines help identify which levels remain relevant throughout the trading day
DST-Proof: Automatically adjusts for global daylight saving time changes
Ideal For:
Forex traders focusing on London/NY sessions
Asian session specialists
Price action traders using previous day/week levels
Volatility-based strategies
Intraday traders needing session awareness
Input Options:
Toggle visibility for each trading session
Customize Asian session colors
Set maximum timeframe for box visibility (15-30 mins)
Choose to display key levels only on recent bars
How It Works:
The indicator automatically calculates session timings based on UTC-7 (US Mountain Time), with intelligent DST adjustments. At the start of each Asian session, it plots new daily and weekly levels, extending them to their respective expiration times (5 AM EST next day for daily, next Wednesday for weekly). Session boxes show the price range during each market open, with pip counts displayed at session close.
Trading Applications:
Use HOPD/LOPD as breakout or reversal levels
Trade bounces off weekly levels (WH/WL)
Identify low-volatility sessions for range trading
Spot high-volatility sessions for breakout strategies
Combine session boxes with key levels for confluence
Note: Optimized for Forex but works on all instruments. Asian session hours automatically adjust for non-Forex assets.
Multi‑Day Rolling VWAP with Deviation Bands📄 Description:
This script introduces a multi-day rolling VWAP (Volume-Weighted Average Price) indicator designed for traders who seek deeper structural insights beyond session-based VWAPs. It is particularly effective on intraday charts like 15m, 45m, 1H, and 4H, and is optimized for crypto swing, position, and trend exhaustion strategies.
Unlike traditional VWAPs that reset daily or weekly, this tool computes persistent VWAP levels by aggregating daily price-volume data across rolling windows such as the past 7, 30, or 365 days. These levels act as anchored support/resistance zones derived from real traded volume — helping traders identify where price is fair or stretched over time.
To enhance confluence and precision, each VWAP level optionally includes standard deviation bands, which act as dynamic volatility envelopes. These bands support custom multipliers, including Fibonacci levels like 0.272, 0.618, 1.0, and 1.618, providing flexible tools for identifying potential reversal or mean reversion zones.
✅ Key Features:
📊 Rolling VWAP over user-defined lookback windows (e.g. 7, 30, 365 days)
📐 Optional deviation bands based on volume-weighted standard deviation
🔢 Supports both traditional and Fibonacci multipliers for precise band tuning
⚙️ Independent configuration for up to 3 VWAP profiles (short/mid/long)
🔁 Auto-updates daily and tracks consistent volume-based anchoring
💼 Designed for crypto markets, especially high-volatility altcoins
🧠 How it Works:
At the start of each new day, the script logs cumulative volume and typical price values.
It maintains a rolling window of those daily values over configurable periods.
VWAPs are recalculated from the historical data each bar, ensuring persistence.
Deviation bands use a volume-weighted standard deviation formula, not naive price stddevs.
All inputs are optional — bands can be turned off by setting their multipliers to 0.
💡 Use Cases:
Identify long-term fair value zones in trending or consolidating markets
Spot overextended conditions using deviation confluence
Build trend continuation or exhaustion strategies around VWAP clusters
Anchor intraday decisions to multi-day volume context
🔒 Why Closed Source?
This script applies a proprietary method of rolling VWAP construction and deviation banding that goes beyond typical session or anchored VWAPs. The volume aggregation logic and smoothing techniques used are custom-built for tracking persistent volume-weighted structure — which is especially valuable in fragmented crypto markets. To protect this unique methodology, the code is published as closed-source.
Disclaimer: This indicator is a tool, not a guarantee. Always manage your risk.
For educational purposes only. Past performance does not guarantee future results.
Mariam Smart FlipPurpose
This tool identifies high-probability intraday reversals by detecting when price flips through the daily open after strong early-session commitment.
How It Works
A valid flip occurs when:
The previous daily candle is bullish or bearish
The first hour today continues in the same direction
Then, the price flips back through the daily open with a minimum break threshold (user-defined)
This setup is designed to catch liquidity grabs or fakeouts near the daily open, where early buyers or sellers get trapped after showing commitment
Signal Logic
Buy Flip
Previous day bearish → first hour bearish → price flips above open
Sell Flip
Previous day bullish → first hour bullish → price flips below open
Features
Configurable flip threshold in percentage
Signals only activate after the first hour ends
Daily open line displayed on chart
Simple triangle markers with no visual clutter
Alerts ready to use for automation or notifications
Usage Tips
Use "Once Per Bar" alert mode to get notified immediately when the flip happens
Works best in active markets like FX, indices, or crypto
Adjust threshold based on asset volatility
Suggested stop loss: use the previous daily high for sell flips or the previous daily low for buy flips
Suggested take profit: secure at least 30 pips to aim for a 1:3 risk-to-reward ratio on average
Black Box Trading Measuring Tool (BlackBox - BBT)Overview
The Black Box Trading Indicator is a comprehensive technical analysis tool that combines multiple trading concepts into a single, powerful indicator. It displays custom session ranges, Average Daily Range (ADR) projections, support/resistance levels, and order blocks to help traders identify key market levels and potential trading opportunities.
Key Features
1. Custom Session Ranges
Define and visualize any trading session with customizable start and end times
Automatically calculates session high, low, and midpoint
Displays quarter levels (25% and 75% of range)
Shows range projections at 100%, 150%, 200%, and 250% extensions
2. Average Daily Range (ADR) Analysis
Calculates and displays ADR for daily, weekly, monthly, and custom timeframes
Shows projected high and low targets based on ADR
Includes "hash" levels at 50% ADR from session midpoint
Visual range boxes highlight potential support/resistance zones
3. Market Structure Levels
Daily and weekly opening prices with dynamic coloring
Previous daily and weekly center mass (50% of previous period's range)
Real-time range statistics displayed in an information table
4. Order Block Detection
Automatically identifies bullish and bearish order blocks
Visual representation with customizable colors and transparency
Mitigation tracking to remove invalidated blocks
Alert system for price interaction with order blocks
Parameter Guide
Display Settings
Show Blocks
Enables/disables order block visualization
Useful for cleaner charts when focusing on other elements
Show Previous Daily/Weekly Center Mass
Displays the midpoint of the previous period's range
Helps identify potential support/resistance from prior price acceptance areas
Show Daily/Weekly Open
Shows opening prices with color coding (blue for bullish, orange for bearish)
Important reference points for intraday trading
Show ADR Targets
Displays projected highs and lows based on Average Daily Range
Essential for setting realistic profit targets and stop losses
Show Range Projection
Extends the session range by multiples (1x, 1.5x, 2x, 2.5x)
Helps identify potential price targets during trending moves
Show Average Daily Range
Displays the ADR statistics table
Shows current range metrics for multiple timeframes
Display range in pips
Converts range values to pips for forex traders
Provides standardized measurement across different instruments
ADR Configuration
ADR Days
Number of days to include in current ADR calculation
Default: 1 (shows today's developing range)
ADR Period
Lookback period for calculating average range
Default: 14 days (standard period for volatility measurement)
Custom Range
Select between 60-minute or 240-minute timeframes
Allows analysis of intermediate timeframes
Session Time Settings (EST)
Start Hour/Minute
Define when your custom session begins
Default: 19:00 EST (Asian session open)
End Hour/Minute
Define when your custom session ends
Default: 02:45 EST (London session approach)
Extend To Hour/Minute
How far to extend the horizontal lines
Default: 19:00 EST (full 24-hour extension)
Visual Customization
Color Settings
Top Color: Used for upper levels and bullish projections
Bottom Color: Used for lower levels and bearish projections
Range Outline Color: Main session range boundaries
Center Range Line Color: Session midpoint visualization
Line Settings
Range Outline Width: Thickness of range box borders
Session Line Width: Thickness of horizontal level lines
Line Styles: Choose between solid, dashed, or dotted
Text Settings
Text Color: Color for all labels
Text Size: AUTO, tiny, small, normal, or large
Order Block Settings
Sensitivity
Percentage threshold for order block detection (1-100)
Higher values = fewer but stronger blocks
Default: 25 (detects 25% price movements)
OB Mitigation Type
Close: Block is mitigated when price closes beyond it
Wick: Block is mitigated when price wicks beyond it
Color Configuration
Separate colors for bullish and bearish blocks
Border and background colors can be customized independently
Trading Applications
1. Session-Based Trading
Identify the initial balance (first hour of trading)
Trade breakouts from defined session ranges
Use range projections for profit targets
Monitor for range-bound vs trending conditions
2. ADR-Based Strategies
Set daily profit targets based on ADR projections
Identify overextended moves when price exceeds ADR
Use ADR levels for position sizing and risk management
Compare current range to average for volatility assessment
3. Support/Resistance Trading
Use previous period center mass as dynamic S/R
Trade bounces from daily/weekly opens
Combine multiple timeframe levels for confluence
Monitor order blocks for potential reversal zones
4. Order Block Trading
Enter trades when price returns to unmitigated blocks
Use blocks as stop loss placement guides
Look for confluence with other indicator levels
Monitor block mitigation for trend confirmation
Best Practices
1. Multi-Timeframe Analysis
Use higher timeframe blocks for major levels
Combine with lower timeframe entries
Monitor weekly levels on daily charts
2. Confluence Trading
Look for areas where multiple levels align
Combine order blocks with ADR targets
Use session ranges with center mass levels
3. Risk Management
Use ADR for realistic daily profit targets
Place stops beyond order blocks or range extremes
Size positions based on distance to key levels
4. Alert Usage
Set alerts for ADR target hits
Monitor order block interactions
Track range breakouts and hash level tests
Tips for Effective Use
Start Simple: Begin with basic session ranges and ADR before adding all features
Color Coding: Use consistent colors across your trading setup
Time Zones: Ensure session times match your trading schedule
Clean Charts: Toggle off unused features for clarity
Backtesting: Study how price respects these levels historically
Journaling: Document which levels work best for your traded instruments
Common Trading Scenarios
Range Trading
Enter longs at session low or lower projections
Enter shorts at session high or upper projections
Target the session midpoint or opposite extreme
Breakout Trading
Wait for clear breaks of session range
Use range width for measuring targets
Monitor ADR to gauge breakout potential
Trend Following
Use order blocks as pullback entries
Trail stops using range projections
Scale out at ADR targets
Reversal Trading
Look for price rejection at ADR extremes
Monitor order block mitigation failures
Use center mass as reversal confirmation
ATR-Multiple from 50SMAThis indicator provides a nuanced view of price extension by calculating the distance between the current price and its 50-period Simple Moving Average. This distance is not measured in simple percentage terms but is quantified in multiples of the Average True Range (ATR), offering a volatility-adjusted perspective on how far an asset has moved from its mean.
The primary goal is to help traders identify potentially overextended conditions, which can often precede price consolidation or reversals. As a general guideline, when an asset's price stretches to multiples of 7 ATRs or more above its 50-day SMA, it often enters a zone where significant profit-taking may occur. By visualizing this extension, the indicator can serve as a powerful tool for gauging when to consider taking profits on existing long positions. Furthermore, it can act as a cautionary signal, helping traders avoid initiating new long positions in assets that are already significantly stretched and may be poised for a pullback.
Features
Volatility-Adjusted Extension
Measures the distance from the 50 SMA in terms of ATR multiples, providing a more standardized way to compare extension across different assets and time periods.
Daily Timeframe Consistency
By default, the indicator uses the daily SMA and ATR for its calculations, regardless of the chart's current timeframe. This ensures a consistent and meaningful measure of extension rooted in the daily trend.
Histogram Visualization
Displays the result as a clear histogram in a separate pane, making it easy to track the extension level over time and identify historical extremes.
Dynamic Color-Coding
The histogram bars are color-coded to visually highlight different levels of extension. The colors shift as the price moves further from the mean, providing an intuitive at-a-glance reading.
Key Threshold Markers
Includes pre-set horizontal lines at the 7 and 10 ATR multiples to clearly mark the zones of potential profit-taking and extreme extension, respectively.
Built-in Alerts
Comes with configurable alert conditions that can notify you when the price reaches the "profit-taking" threshold (7 ATRs) or the "extreme extension" threshold (10 ATRs).
Customization Options
MA & ATR Periods
You can adjust the length for the Simple Moving Average (default 50) and the Average True Range (default 14) to suit your specific analytical needs.
Timeframe Source
A toggle allows you to switch between always calculating using daily data (the default and recommended setting) or using the data from the current chart's timeframe.
Color Display Style
You can choose between a smooth color gradient that transitions elegantly with the extension level or a distinct, step-based color display for a clearer visual separation of the defined zones.
Full Color Scheme Control
Every visual element is fully customizable. You can change the colors for the regular extension, the "get ready," "profit-taking," and "extreme" levels, as well as the horizontal reference lines.
CDP - Counter-Directional-Pivot🎯 CDP - Counter-Directional-Pivot
📊 Overview
The Counter-Directional-Pivot (CDP) indicator calculates five critical price levels based on the previous day's OHLC data, specifically designed for multi-timeframe analysis. Unlike standard pivot points, CDP levels are calculated using a unique formula that identifies potential reversal zones where price action often changes direction.
⚡ What Makes This Script Original
This implementation solves several technical challenges that existing pivot indicators face:
🔄 Multi-Timeframe Consistency: Values remain identical across all timeframes (1m, 5m, 1h, daily) - a common problem with many pivot implementations
🔒 Intraday Stability: Uses advanced value-locking technology to prevent the "stepping" effect that occurs when pivot lines shift during the trading session
💪 Robust Data Handling: Optimized for both liquid and illiquid stocks with enhanced data synchronization
🧮 CDP Calculation Formula
The indicator calculates five key levels using the previous day's High (H), Low (L), and Close (C):
CDP = (H + L + C) ÷ 3 (Central Decision Point)
AH = 2×CDP + H – 2×L (Anchor High - Strong Resistance)
NH = 2×CDP – L (Near High - Moderate Resistance)
AL = 2×CDP – 2×H + L (Anchor Low - Strong Support)
NL = 2×CDP – H (Near Low - Moderate Support)
✨ Key Features
🎨 Visual Elements
📈 Five Distinct Price Levels: Each with customizable colors and line styles
🏷️ Smart Label System: Shows exact price values for each level
📋 Optional Value Table: Displays all levels in an organized table format
🎯 Clean Chart Display: Minimal visual clutter while maximizing information
⚙️ Technical Advantages
🔐 Session-Locked Values: Prices are locked at market open, preventing intraday shifts
🔄 Multi-Timeframe Sync: Perfect consistency between daily and intraday charts
✅ Data Validation: Built-in checks ensure reliable calculations
🚀 Performance Optimized: Efficient code structure for fast loading
💼 Trading Applications
🔄 Reversal Zones: AH and AL often act as strong turning points
💥 Breakout Confirmation: Price movement beyond these levels signals trend continuation
🛡️ Risk Management: Use levels for stop-loss and take-profit placement
🏗️ Market Structure: Understand daily ranges and potential price targets
📚 How to Use
🚀 Basic Setup
Add the indicator to your chart (works on any timeframe)
Customize colors for easy identification of support/resistance zones
Enable the value table for quick reference of exact price levels
📈 Trading Strategy Examples
🟢 Long Bias: Look for bounces at NL or AL levels
🔴 Short Bias: Watch for rejections at NH or AH levels
💥 Breakout Trading: Enter positions when price decisively breaks through anchor levels
↔️ Range Trading: Use CDP as the central reference point for range-bound markets
🎯 Advanced Strategy Combinations
RSI Integration for Enhanced Signals: 📊
📉 Oversold Bounces: Combine RSI below 30 with price touching AL/NL levels for high-probability long entries
📈 Overbought Rejections: Look for RSI above 70 with price rejecting AH/NH levels for short opportunities
🔍 Divergence Confirmation: When RSI shows bullish divergence at support levels (AL/NL) or bearish divergence at resistance levels (AH/NH), it often signals stronger reversal potential
⚡ Momentum Confluence: RSI crossing 50 while price breaks through CDP can confirm trend direction changes
⚙️ Configuration Options
🎨 Line Customization: Adjust width, style (solid/dashed/dotted), and colors
👁️ Display Preferences: Toggle individual levels, labels, and value table
📍 Table Position: Place the value table anywhere on your chart
🔔 Alert System: Get notifications when price crosses key levels
🔧 Technical Implementation Details
🎯 Data Reliability
The script uses request.security() with lookahead settings to ensure historical accuracy while maintaining real-time functionality. The value-locking mechanism prevents the common issue where pivot levels shift during the trading day.
🔄 Multi-Timeframe Logic
⏰ Intraday Charts: Display previous day's calculated levels as stable horizontal lines
📅 Daily Charts: Show current day's levels based on yesterday's OHLC
🔍 Consistency Check: All timeframes reference the same source data
🤔 Why CDP vs Standard Pivots?
Counter-Directional Pivots often provide more accurate reversal points than traditional pivot calculations because they incorporate the relationship between high/low ranges and closing prices more effectively. The formula creates levels that better reflect market psychology and institutional trading behaviors.
💡 Best Practices
💧 Use on liquid markets for most reliable results
📊 RSI Combination: Add RSI indicator for overbought/oversold confirmation and divergence analysis
📊 Combine with volume analysis for confirmation
🔍 Consider multiple timeframe analysis (daily levels on hourly charts)
📝 Test thoroughly in paper trading before live implementation
💪 Example Market Applications
NASDAQ:AAPL AAPL - Tech stock breakouts through AH levels
$NYSE:SPY SPY - Index trading with CDP range analysis
NASDAQ:TSLA TSLA - Volatile stock reversals at AL/NL levels
⚠️ This indicator is designed for educational and analytical purposes. Always combine with proper risk management and additional technical analysis tools.
PKSE Buy/Sell Signals Table - Two Columns with VWAPndicator Description: PKSE Buy/Sell Signals Table - Two Columns with VWAP
Overview
The PKSE Buy/Sell Signals Table - Two Columns with VWAP is a robust Pine Script indicator for Pakistan Stock Exchange (PSX) traders. It generates buy and sell signals for 19 PSX stocks based on Simple Moving Average (SMA) crossovers, KSE100 Index trends, and daily Volume Weighted Average Price (VWAP) conditions, displayed in two compact, side-by-side tables optimized for monitor viewing.
Purpose
This indicator helps traders identify high-probability trading opportunities by filtering signals with VWAP to reduce noise, ideal for swing traders, day traders, and investors monitoring PSX stocks.
Key Features
Dual-Table Layout: Displays 19 stocks in two side-by-side tables (10 and 9 stocks) for a monitor-friendly view.
Enhanced Signal Logic: Combines three conditions:
KSE100 Trend: Signals depend on the KSE100 Index being above/below its SMA.
Stock SMA: Signals based on stock price crossing or being above/below its SMA.
Daily VWAP Filter: Buy signals require the stock to be above its daily VWAP; sell signals require it to be below.
Signal Types:
Buy NOW: Stock crosses above SMA, KSE100 is bullish, stock above VWAP.
Buy: Stock above SMA, KSE100 bullish, stock above VWAP.
Sell NOW: Stock crosses below SMA, KSE100 bearish, stock below VWAP.
Sell: Stock below SMA, KSE100 bearish, stock below VWAP.
Neutral: Conditions not fully met.
No Data: Invalid or missing data.
Customizable Inputs:
SMA length (default: 5).
Timeframe (5, 15, 30, 60 minutes, daily; default: 30 minutes).
KSE100 symbol (default: "PSX:KSE100").
Color-Coded Signals: Green (Buy), lime (Buy NOW), red (Sell), orange (Sell NOW), gray (No Data), white (Neutral).
Stock Coverage: Tracks 19 PSX stocks (e.g., FFC, OGDC, HUBC, UBL, MCB, LUCK).
Error Handling: Handles invalid symbols or missing data with "No Data" signals.
How It Works
Fetches KSE100 and stock prices in the selected timeframe (default: 30 minutes) and daily VWAP.
Calculates SMA for KSE100 and stocks; evaluates VWAP position.
Generates signals when all conditions align, based on the 30-minute candle close.
Displays results in two tables (Stock, Signal, Timeframe) at top-right and top-center.
Usage Instructions
Add the indicator to your TradingView chart.
Configure inputs: SMA length, timeframe, KSE100 symbol.
View tables showing signals for 19 PSX stocks.
Use signals to guide trading, combining with other analysis.
Adjust table positions if needed (modify position.top_right/top_center).
Ideal For
PSX traders using SMA and VWAP strategies.
Swing/day traders seeking filtered signals.
Investors tracking KSE100 and stock trends.
Limitations
Limited to 19 stocks due to TradingView’s 40-security-call limit.
Signals rely on SMA, VWAP, and KSE100; combine with other analysis.
Hardcoded stock list; contact the author for customizations.
Notes
Verify stock symbols are valid on your TradingView platform.
Best on 1920x1080+ resolution. Adjust chart scaling if tables overlap.
Published on June 12, 2025, at 11:50 AM PKT.
Disclaimer
Trading carries risk. This indicator is for informational purposes only and not financial advice. Conduct your own research before trading.
Toolbar-FrenToolbar-Fren is a comprehensive, data-rich toolbar designed to present a wide array of key metrics in a compact and intuitive format. The core philosophy of this indicator is to maximize the amount of relevant, actionable data available to the trader while occupying minimal chart space. It leverages a dynamic color-coded system to provide at-a-glance insights into market conditions, instantly highlighting positive/negative values, trend strength, and proximity to important technical levels.
Features and Data Displayed
The toolbar displays a vertical column of critical data points, primarily calculated on the Daily timeframe to give a broader market context. Each cell is color-coded for quick interpretation.
DAY:
The percentage change of the current price compared to the previous day's close. The cell is colored green for a positive change and red for a negative one.
LOD:
The current price's percentage distance from the Low of the Day.
HOD
The current price's percentage distance from the High of the Day.
MA Distances (9/21 or 10/20, 50, 200)
These cells show how far the current price is from key Daily moving averages (MAs).
The values are displayed either as a percentage distance or as a multiple of the Average Daily Range (ADR), which can be toggled in the settings.
The cells are colored green if the price is above the corresponding MA (bullish) and red if it is below (bearish).
ADR
Shows the 14-period Average Daily Range as a percentage of the current price. The cell background uses a smooth gradient from green (low volatility) to red (high volatility) to visualize the current daily range expansion.
ADR%/50: A unique metric showing the distance from the Daily 50 SMA, measured in multiples of the 14-period Average True Range (ATR). This helps quantify how extended the price is from its mean. The cell is color-coded from green (close to the mean) to red (highly extended).
RSI
The standard 14-period Relative Strength Index calculated on the Daily timeframe. The background color changes to indicate potentially overbought (orange/red) or oversold (green) conditions.
ADX
The 14-period Average Directional Index (ADX) from the Daily timeframe, which measures trend strength. The cell is colored to reflect the strength of the trend (e.g., green for a strong trend, red for a weak/non-trending market). An arrow (▲/▼) is also displayed to indicate if the ADX value is sloping up or down.
User Customization
The indicator offers several options for personalization to fit your trading style and visual preferences:
MA Type
Choose between using Exponential Moving Averages (EMA 9/21) or Simple Moving Averages (SMA 10/20) for the primary MA calculations.
MA Distance Display
Toggle the display of moving average distances between standard percentage values and multiples of the Average Daily Range (ADR).
Display Settings
Fully customize the on-chart appearance by selecting the table's position (e.g., Top Right, Bottom Left) and the text size. An option for a larger top margin is also available.
Colors
Personalize the core Green, Yellow, Orange, and Red colors used throughout the indicator to match your chart's theme.
Technical Parameters
Fine-tune the length settings for the ADX and DI calculations.
Circuit Marker# Circuit Marker
## Overview
The Circuit Marker indicator identifies and visually marks price circuit breaker events on your chart. Circuit breakers are significant price movements that trigger trading halts or restrictions in various markets, particularly in Indian stock exchanges.
## What it does
This indicator automatically detects when a security hits upper or lower circuit limits by identifying price movements of exactly 5%, 10%, or 20% from the previous day's close, combined with the stock closing at its daily high (upper circuit) or daily low (lower circuit).
## Key Features
- **Automatic Detection**: Identifies circuit breaker events with high precision using a 0.01% tolerance
- **Visual Markers**: Places green triangular markers above bars for upper circuits and red triangular markers below bars for lower circuits
- **Historical Analysis**: Shows circuit events for the last 252 trading days (approximately 1 year)
- **Clean Interface**: Simple, non-cluttering visual indicators with "UC" and "LC" labels
## How to Use
1. Add the indicator to any stock chart
2. Green triangles with "UC" appear above bars when upper circuit conditions are met
3. Red triangles with "LC" appear below bars when lower circuit conditions are met
4. Use these markers to identify periods of extreme price movement and potential trading opportunities or risk management points
## Technical Details
- **Detection Logic**: Combines exact percentage movements (5%, 10%, or 20%) with daily high/low closures
- **Precision**: Uses 0.0001 tolerance for accurate circuit detection
- **Timeframe**: Works on daily charts and higher timeframes
- **Overlay**: Plots directly on the price chart without creating a separate pane
*Note: This indicator is designed primarily for markets with circuit breaker mechanisms like Indian stock exchanges. Results may vary on other markets without similar price limit systems.*
Market Strength Buy Sell Indicator [TradeDots]A specialized tool designed to assist traders in evaluating market conditions through a multifaceted analysis of relative performance, beta-adjusted returns, momentum, and volume—allowing you to identify optimal points for long or short trades. By integrating multiple benchmarks (default S&P 500) and percentile-based thresholds, the script provides clear, actionable insights suitable for both day trading and higher-level timeframe assessments.
📝 HOW IT WORKS
1. Multi-Factor Composite Score
Relative Performance (RS Ratio): Compares your asset’s performance to a chosen benchmark (default: SPY). Values above 1.0 indicate outperformance, while below 1.0 suggest underperformance.
Beta-Adjusted Returns: Checks the ticker’s excess movement relative to expected market-related moves. This helps distinguish pure “alpha” from broad market effects.
Volume & Correlation: Volume spikes often confirm the momentum behind a move, while correlation measures how closely the asset tracks or diverges from its benchmark.
These components merge into a 0–100 composite score. Scores above 50 frequently imply bullish strength; drops below 50 often point to underperformance—potentially flagging short opportunities.
2. Intraday & Day Trading Focus
Monitoring Below 50: During the trading day, the script calculates live data against the benchmark, offering an intraday-sensitive composite score. A dip under 50 may indicate a short bias for that session, especially when accompanied by high volume or momentum shifts.
3. Higher Timeframe Monitoring
Daily Strategies: On daily or weekly charts, the script reveals overall relative strength or weakness compared to the S&P 500. This higher-level perspective helps form broader trading biases—crucial for swing or position trades spanning multiple days.
Long/Short Thresholds: Persistent readings above 50 on a daily chart typically reinforce a long bias, while consistent dips below 50 can sustain a short or cautious outlook.
4. Pair Trading Applications
Custom Benchmark Selection: By setting a specific ticker pair as your benchmark instead of the default S&P 500, you can identify spread trading opportunities between two correlated assets. This allows you to go long the outperforming asset while shorting the underperforming one when the spread reaches extreme levels.
4. Color-Coded Signals & Alerts
Visual Zones (25–75): Color-coded bands highlight strong outperformance (above 75) or pronounced underperformance (below 25).
Alerts on Strong Shifts: Automatic alerts can notify you of sudden entries or exits from bullish or bearish zones, so you can potentially act on new market information without delay.
⚙️ HOW TO USE
1. Select Your Timeframe: For scalping or day trading, lower intervals (e.g., 5-minute) offer immediate data resets at the session’s start. For multi-day insight, daily or weekly charts reveal broader performance trends.
2. Watch Key Levels Around 50: Intraday dips under 50 may be a cue to consider short trades, while bounces above 50 can confirm renewed strength.
3. Assess Benchmark Relationships: Compare your asset’s score and signals to the broader market. A stock falling below its pair’s relative strength line might lag overall market momentum.
4. Combine Tools & Validate: This script excels when integrated with other technical analysis methods (e.g., support/resistance, chart patterns) and fundamental factors for a holistic market view.
❗ LIMITATIONS
No Direction Guarantee: The indicator identifies relative strength but does not guarantee directional price moves.
Delayed Updates: Since calculations update after each bar close, sudden intrabar changes may not immediately reflect.
Market-Specific Behaviors: Some assets or unusual market conditions may deviate from typical benchmarks, weakening signal reliability.
Past ≠ Future: High or low relative strength in the past may not predict continued performance.
RISK DISCLAIMER
All forms of trading and investing involve risk, including the possible loss of principal. This indicator analyzes relative performance but cannot assure profits or eliminate losses. Past performance of any strategy does not guarantee future results. Always combine analysis with proper risk management and your broader trading plan. Consult a licensed financial advisor if you are unsure of your individual risk tolerance or investment objectives.
ALEX - ATR Extensions + ADR + TableALEX - ATR Extensions + ADR + Table
Overview
The ALEX ATR Extensions indicator is a comprehensive volatility and momentum analysis tool that combines Average True Range (ATR), Average Daily Range (ADR), and moving average distance calculations in a single, customizable display. This indicator helps traders assess current price action relative to historical volatility and key moving averages, providing crucial context for risk management and trade planning.
Key Features
Multi-Metric Analysis
- ATR Percentage: Current ATR as a percentage of price for volatility assessment
- ADR Percentage: Average Daily Range as a percentage for typical daily movement
- Low of Day Distance: Distance from current price to daily low
- Moving Average Distance: ATR-normalized distance from 21 and 50 period moving averages
Flexible Moving Average Options
- Configurable MA Types: Choose between EMA or SMA for both 21 and 50 period averages
- Customizable Periods: Adjust moving average lengths to suit your trading style
- Daily Timeframe Data: Uses daily moving averages regardless of chart timeframe
ATR Extension Levels
- Dynamic Price Targets: Calculate extension levels based on ATR multiples from moving averages
- Visual Reference Lines: Optional overlay lines showing ATR extension targets
- Customizable Multipliers: Adjust ATR multipliers for different risk/reward scenarios
Smart Visual Alerts
- Color-Coded Distance Metrics: Automatic color changes based on distance thresholds
- Symbol Plotting: Customizable chart symbols when distance thresholds are exceeded
- Threshold-Based Alerts: Visual cues when price reaches significant ATR distances
Comprehensive Data Table
- Real-Time Metrics: Live updating table with all key measurements
- Customizable Display: Toggle individual metrics on/off based on preference
- Professional Styling: Adjustable colors, fonts, and transparency
How to Use
Volatility Assessment
- High ATR%: Indicates elevated volatility, larger position sizing considerations
- Low ATR%: Suggests compressed volatility, potential for expansion
- ADR% Comparison: Compare current day's range to historical average
Moving Average Analysis
- ATR Distance 21/50: Normalized distance showing how extended price is from key levels
- Positive Values: Price above moving average (bullish positioning)
- Negative Values: Price below moving average (bearish positioning)
- Color Changes: Automatic alerts when reaching threshold levels
Extension Target Planning
- ATR Extension Lines: Visual price targets based on volatility-adjusted projections
- Risk/Reward Planning: Use extension levels for profit target placement
- Breakout Confirmation: Extension levels can confirm breakout validity
Symbol Alert System
- Chart Symbols: Automatic plotting when distance thresholds are breached
- Customizable Triggers: Set your own threshold levels for alerts
- Visual Scanning: Quick identification of extended conditions across multiple charts
Settings
Display Controls
- Show ADR%: Toggle average daily range percentage display
- Show ATR%: Toggle average true range percentage display
- Show LoD Distance: Toggle low of day distance calculation
- Show LoD Price: Toggle actual low of day price display
- Show ATR Distance from 21/50 DMA: Toggle moving average distance metrics
- Show 21/50 DMA Price: Toggle actual moving average price display
- Show ATR Extension Levels: Toggle extension target display in table
Moving Average Configuration
- 21/50 DMA Type: Choose between EMA or SMA calculation methods
- 21/50 DMA Period: Customize moving average lengths
- ADR/ATR Length: Adjust calculation periods for range measurements
Color Thresholds
- Threshold Levels: Set distance levels for color changes (default 2.0 and 5.0)
- Custom Colors: Choose colors for different threshold breaches
- Separate 21/50 Settings: Independent color schemes for each moving average
Symbol Settings
- Show Char Symbol: Toggle symbol plotting for each moving average
- Custom Symbols: Choose any character for chart plotting
- Symbol Colors: Customize colors for visual distinction
- Threshold Levels: Set trigger points for symbol appearance
ATR Extension Lines
- Show Extension Lines: Toggle visual extension level lines
- ATR Multipliers: Customize extension distance (default 2.0x)
- Line Colors: Choose colors for extension level visualization
Table Customization
- Background Color: Adjust table transparency and color
- Text Color: Customize default text appearance
- Font Size: Choose from tiny to huge font options
Advanced Applications
Trend Strength Analysis
- Large ATR distances suggest strong trending moves
- Small ATR distances indicate potential consolidation or reversal zones
- Compare current readings to recent historical ranges
Risk Management
- Use ATR% for position sizing calculations
- Extension levels provide natural profit target zones
- Distance metrics help identify overextended conditions
Multi-Timeframe Context
- Apply to different timeframes for comprehensive analysis
- Daily data provides consistency across all chart intervals
- Combine with weekly/monthly analysis for broader context
Market Regime Identification
- High volatility periods: Increased ATR% readings
- Low volatility periods: Compressed ATR% readings
- Trending markets: Sustained high distance readings
- Consolidating markets: Low distance readings with frequent color changes
Best Practices
Volatility-Adjusted Trading
- Increase position sizes during low volatility periods
- Reduce position sizes during high volatility periods
- Use ATR% for stop-loss placement relative to normal market movement
Extension Level Usage
- Primary targets: 1.5-2.0x ATR extensions
- Secondary targets: 2.5-3.0x ATR extensions
- Avoid chasing prices beyond 3x ATR extensions
Threshold Optimization
- Backtest different threshold levels for your trading style
- Consider market conditions when setting alert levels
- Adjust thresholds based on instrument volatility characteristics
Integration Strategies
- Combine with momentum indicators for confirmation
- Use alongside support/resistance levels
- Incorporate into systematic trading approaches
Technical Specifications
- Compatible with Pine Script v6
- Uses daily timeframe data for consistency
- Optimized for real-time performance
- Works on all chart types and timeframes
- Supports all tradeable instruments
Ideal For
- Swing traders using daily charts
- Position traders seeking volatility context
- Day traders needing intraday reference levels
- Risk managers requiring volatility metrics
- Systematic traders building rule-based strategies
Disclaimer
This indicator is for educational and informational purposes only. It should not be used as the sole basis for trading decisions. Always combine with other forms of analysis, proper risk management techniques, and consider your individual trading plan and risk tolerance. Past performance does not guarantee future results.
Compatible with Pine Script v6 | Optimized for daily timeframe analysis | Works across all markets and instruments
21DMA Structure Counter (EMA/SMA Option)21DMA Structure Counter (EMA/SMA Option)
Overview
The 21DMA Structure Counter is an advanced technical indicator that tracks consecutive periods where price action remains above a 21-period moving average structure. This indicator helps traders identify momentum phases and potential trend exhaustion points using statistical analysis.
Key Features
Moving Average Structure
- Configurable MA Type: Choose between EMA (Exponential Moving Average) or SMA (Simple Moving Average)
- 21-Period Default: Optimized for the widely-watched 21-period moving average
- Triple MA Structure: Tracks high, close, and low moving averages for comprehensive analysis
Statistical Analysis
- Cycle Counting: Automatically counts consecutive periods above the MA structure
- Historical Data: Maintains up to 2,500 historical cycles (approximately 10 years of daily data)
- Z-Score Calculation: Provides statistical context using mean and standard deviation
- Multiple Standard Deviation Levels: Displays +1, +2, and +3 standard deviation thresholds
Visual Indicators
Color-Coded Bars:
- Gray: Below 10-year average
- Yellow: Between average and +1 standard deviation
- Orange: Between +1 and +2 standard deviations
- Red: Between +2 and +3 standard deviations
- Fuchsia: Above +3 standard deviations (extreme readings)
Breadth Integration
- Multiple Breadth Options: NDFI, NDTH, NDTW (NASDAQ breadth indicators), or VIX
- Background Shading: Visual alerts when breadth reaches extreme levels
- High/Low Thresholds: Customizable levels for breadth analysis
- Real-time Display: Current breadth value shown in data table
Smart Reset Logic
- High Below Structure Reset: Automatically resets count when daily high falls below the lowest MA
- Flexible Hold Period: Continues counting during temporary weakness as long as structure isn't violated
- Precise Entry/Exit: Strict criteria for starting cycles, flexible for maintaining them
How to Use
Trend Identification
- Rising Counts: Indicate sustained momentum above key moving average structure
- Extreme Readings: Z-scores above +2 or +3 suggest potential trend exhaustion
- Historical Context: Compare current cycles to 10-year statistical averages
Risk Management
- Breadth Confirmation: Use breadth shading to confirm market-wide strength/weakness
- Statistical Extremes: Exercise caution when readings reach +3 standard deviations
- Reset Signals: Pay attention to structure violations for potential trend changes
Multi-Timeframe Application
- Daily Charts: Primary timeframe for swing trading and position management
- Weekly/Monthly: Longer-term trend analysis
- Intraday: Shorter-term momentum assessment (adjust MA period accordingly)
Settings
Moving Average Options
- Type: EMA or SMA selection
- Period: Default 21 (customizable)
- Reset Days: Days below structure required for reset
Visual Customization
- Standard Deviation Lines: Toggle and customize colors for +1, +2, +3 SD
- Breadth Selection: Choose from NDFI, NDTH, NDTW, or VIX
- Threshold Levels: Set custom high/low breadth thresholds
- Table Styling: Customize text colors, background, and font size
Technical Notes
- Data Retention: Maintains 2,500 historical cycles for robust statistical analysis
- Real-time Updates: Calculations update with each new bar
- Breadth Integration: Uses security() function to pull external breadth data
- Performance Optimized: Efficient array management prevents memory issues
Best Practices
1. Combine with Price Action: Use alongside support/resistance and chart patterns
2. Monitor Breadth Divergences: Watch for breadth weakness during strong readings
3. Respect Statistical Extremes: Exercise caution at +2/+3 standard deviation levels
4. Context Matters: Consider overall market environment and sector rotation
5. Risk Management: Use appropriate position sizing, especially at extreme readings
Disclaimer
This indicator is for educational and informational purposes only. It should not be used as the sole basis for trading decisions. Always combine with other forms of analysis and proper risk management techniques.
Compatible with Pine Script v6 | Optimized for daily timeframes | Best used on major indices and liquid stocks
Multi-Timeframe 20 EMA Horizontal LinesOverview
This Multi-Timeframe 20 EMA indicator provides intelligent trend analysis by displaying your current timeframe EMA alongside relevant higher timeframe EMA levels as horizontal support/resistance lines. On lower timeframes, you see all higher EMA levels for comprehensive multi-timeframe confluence, while on higher timeframes, it filters out lower timeframe noise to maintain focus on macro trends. This allows traders to align short-term entries with long-term market structure, identifying high-probability setups where multiple timeframe EMAs converge while using the current timeframe EMA for precise timing.
Feature
Multi-Timeframe Horizontal EMA Lines
The indicator fetches and displays 20 EMAs from five higher timeframes:
Daily (D): Daily 20 EMA
Weekly (W): Weekly 20 EMA
Monthly (M): Monthly 20 EMA
Quarterly (Q): 3-Month 20 EMA
Half-Yearly (HY): 6-Month 20 EMA
Intelligent Timeframe Filtering
Smart Display Logic: Only shows EMAs from timeframes higher than your current chart timeframe
Prevents Redundancy: Automatically filters out lower timeframe EMAs to avoid clutter
Example: On a 4-hour chart, you'll see Daily, Weekly, Monthly, Quarterly, and Half-Yearly EMAs, but on a Weekly chart, you'll only see Weekly and higher timeframes
Half-Yearly (HY): 6-Month 20 EMA
Shows only current timeframe EMA with half-yearly horizontal line, filtering out all lower timeframes.
Quarterly (Q): 3-Month 20 EMA
Displays current timeframe EMA with quarterly and higher horizontal lines, hiding monthly, weekly, and daily EMAs.
Monthly (M): Monthly 20 EMA
Shows current timeframe EMA with monthly and higher horizontal EMAs, excluding weekly and daily timeframes.
Weekly (W): Weekly 20 EMA
Displays current timeframe EMA with weekly and higher horizontal EMA lines, filtering out daily timeframe.
Daily (D):
Shows current timeframe EMA with all higher timeframe horizontal EMAs (daily, weekly, monthly, quarterly, half-yearly).
Note: Make sure to enable Price-Line in Style Settings after Importing Script.
8EMA/VWAP14 Oscillator w/ Trend Exhaustion Bands8EMA/VWAP14 Oscillator w/ Trend Exhaustion Bands + Performance Screener
Introducing the 8EMA/VWAP14 Oscillator with Trend Exhaustion Bands + Screener Suite - a comprehensive trading system that combines trend identification, momentum analysis, and real-time performance tracking all in one indicator. This system features a four-tier signal approach: early momentum warning dots before anything happens, confirmed entry/exit triangles when it's time to act, a dynamic trend ribbon on your price chart, and adaptive exhaustion bands that adjust to each asset's unique characteristics. The built-in performance tracker shows exactly how well your signals are working - success rates, average time to hit targets, and more - providing clear insight for confident trading decisions. Optimized for daily and weekly timeframes, this suite is suitable for both manual traders and automated strategies.
Aim of the Indicator
The 8EMA/VWAP14 Oscillator with Trend Exhaustion Bands is an advanced momentum oscillator system that combines trend identification, momentum analysis, and forward-looking performance validation. This comprehensive tool measures the percentage difference between an 8-period Exponential Moving Average and a 14-period Volume Weighted Average Price while providing multiple layers of signal confirmation through visual trend ribbons, momentum shift alerts, and adaptive exhaustion detection.
How to Interpret the Indicator
Visual Trend System: The indicator displays a dynamic ribbon between the 8EMA and 14VWAP lines on the price chart, automatically colored green when EMA8 is above VWAP14 (bullish trend) and red when below (bearish trend), providing instant trend context.
Four-Tier Signal System:
Tiny Green Dots (Below Bars): Early bullish momentum shifts when the oscillator crosses above its adaptive baseline
Green Triangles (Below Bars): Confirmed buy signals when EMA8 crosses above VWAP14
Tiny Red Dots (Above Bars): Early bearish momentum shifts when the oscillator crosses below its adaptive baseline
Red Triangles (Above Bars): Confirmed sell signals when EMA8 crosses below VWAP14
Oscillator Analysis: The separate pane displays the momentum oscillator with a dynamic zero line (thin blue) representing the recent average EMA8/VWAP14 relationship. Trend exhaustion is detected through adaptive bands - orange for potential upside exhaustion and purple for potential downside exhaustion, calculated dynamically based on the oscillator's historical range relative to its adaptive baseline.
Key Settings and Flexibility
Signal Source Customization: Choose from Open, High, Low, Close, OHLC Average, or HL Average to optimize signal sensitivity for different market conditions and trading styles.
Multi-Timeframe Capability: Enable higher timeframe analysis to use signals from longer periods while trading on shorter timeframes, significantly reducing noise and improving signal quality for more reliable entries.
Dynamic Baseline Controls: Adjust the adaptive zero line calculation period (5-100 bars) - shorter periods provide more responsive momentum detection, while longer periods offer smoother trend context and reduced false signals.
Entry Timing Options: "Bar Opening Only" mode ensures signals trigger only at confirmed bar close using realistic entry prices, eliminating mid-bar noise and providing accurate backtesting results for automated trading systems.
Adaptive Exhaustion Detection: Customize lookback periods and threshold multipliers to fine-tune exhaustion sensitivity for different volatility environments and asset classes.
Comprehensive Performance Tracking: Set custom profit targets (1-50%) and maximum holding periods to analyze forward-looking signal effectiveness with real-time success rate monitoring.
Advanced Features and Benefits
Forward-Looking Performance Analytics: Unlike traditional backtesting, this system tracks how often buy signals reach specified profit targets and measures average time to target, providing immediate validation of signal quality across different assets and timeframes.
Adaptive Baseline Technology: The dynamic zero line automatically adjusts to each asset's unique EMA8/VWAP14 relationship patterns, making momentum signals contextually relevant rather than using static thresholds that may not suit all market conditions.
Professional Entry/Exit Tracking: When "Bar Opening Only" is enabled, all performance calculations use actual tradeable prices (next bar's open) rather than theoretical mid-bar prices, ensuring realistic performance expectations.
Visual Performance Dashboard: Real-time table displaying success rate, average bars to target, fastest/slowest target achievement, and active position tracking with complete transparency about timeframe, signal source, and methodology being used.
Integrated Alert System: Comprehensive alerts for both early momentum shifts and confirmed crossover signals, enabling automated trading integration and timely manual intervention.
Best Practices for Timing Entries and Exits
Entry Timing Strategy:
Watch for Early Warning: Monitor tiny green dots as momentum builds - this is your preparation phase
Confirm with Ribbon: Ensure the ribbon color aligns with your intended direction (green for long positions)
Enter on Triangle Signal: Execute entries when confirmed buy triangles appear, using realistic bar opening prices
Avoid Exhaustion Zones: Be cautious entering when the oscillator is near orange (upper) exhaustion bands
Exit Timing Strategy:
Monitor Momentum Shifts: Red dots above bars provide early warning of potential reversals before actual sell signals
Use Exhaustion Bands: Consider partial profit-taking when oscillator reaches exhaustion zones (orange/purple bands)
Confirm with Sell Signals: Exit positions when red triangles appear, especially if preceded by bearish momentum dots
Time-Based Exits: Utilize the "Max Bars to Target" setting to avoid holding losing positions indefinitely
Risk Management Integration:
Position Sizing: Use success rate metrics to adjust position sizes - higher success rates may warrant larger positions
Multi-Timeframe Confluence: Combine daily signals with weekly context for highest probability setups
Avoid False Signals: Wait for momentum dots before triangles for stronger signal confirmation, reducing whipsaw trades
Optimal Market Conditions:
Trending Markets: Ribbon provides clear directional bias - trade in direction of ribbon color
Range-Bound Markets: Focus on exhaustion bands for reversal opportunities near dynamic support/resistance levels
Volatile Conditions: Use higher timeframe settings to filter noise and focus on more significant moves
Optimal Timeframe Usage
This indicator achieves exceptional performance on Daily timeframes and delivers superior results on Weekly timeframes. Weekly analysis is particularly powerful for position trading and swing strategies, as the adaptive exhaustion bands and momentum shifts have greater statistical significance over extended periods. The ribbon visualization becomes especially valuable on longer timeframes, clearly delineating major trend phases while filtering out intraday noise that can plague shorter-term analysis.
Alternative Applications
Multi-Timeframe Confluence System: Use weekly signals for trend direction while executing entries on daily timeframes, combining the indicator's momentum dots and triangles across different time horizons for high-probability setups.
Automated Trading Integration: The indicator's comprehensive alert system and realistic entry tracking make it ideal for automated trading platforms, with clear signal hierarchy and performance validation built into the system.
Risk-Adjusted Position Sizing: Utilize real-time success rate data and average holding period metrics to dynamically adjust position sizes based on current market effectiveness of the strategy.
Market Regime Detection: The ribbon color changes and exhaustion band interactions help identify when markets transition between trending and ranging conditions, allowing strategy adaptation accordingly.
Performance Validation Tool: Test signal effectiveness across different assets, timeframes, and market conditions before committing capital, using the forward-looking analytics to validate strategy assumptions.
Conclusion
The 8EMA/VWAP14 Oscillator with Trend Exhaustion Bands represents a comprehensive trading system that bridges the gap between manual analysis and automated execution. Its multi-layered approach provides both leading momentum indicators and lagging confirmation signals, while the adaptive baseline technology ensures relevance across different market conditions and asset classes. The integration of visual trend ribbons, performance analytics, and flexible timing controls makes it suitable for both discretionary traders seeking enhanced market insight and systematic traders requiring robust signal validation for automated strategies.
